24 April 2023 | BRIDGE TO INDIA
As summer hits India, power demand is rising again leading to fears of shortages and blackouts. On 18 April 2023, demand hit this year’s high of 216 GW and crossed last year’s peak demand. Over the next two months, peak demand is expected to touch an all-time high of 229 GW, up 8% over last year. The government is going all out to avert a power crunch.
17 April 2023 | BRIDGE TO INDIA
Waiver of ALMM requirement for projects commissioned by March 2024 has again opened doors to module imports. Project developers now have a range of choices when buying modules – import modules from China, import modules…
10 April 2023 | BRIDGE TO INDIA
MNRE has prescribed an annual bidding trajectory of 50 GW renewable capacity until FY 2028. It has further mandated that at least 10 GW per annum of this capacity should be reserved for wind projects. For the current financial year, the government wants tender issuance of at least 15 GW capacity…
03 April 2023 | BRIDGE TO INDIA
SECI has announced winners of tranche-II of the Production-Linked Incentive (PLI) scheme. 11 companies have been awarded total PLI of INR 139 billion (USD 1.7 billion) to set up combined manufacturing capacity of 39.6 GW. Reliance and Shirdi Sai have each been awarded PLI for another 6 GW fully integrated…
This video presents a summary of major policy and regulatory developments in February 2023.
This video presents a summary of major sector developments including tender issuance and auctions in February 2023.
27 March 2023 | BRIDGE TO INDIA
After years of being talked up with little on-the-ground progress, pumped storage is finally on a roll in India. Noting the urgent need for more system flexibility in view of growing renewable capacity addition and high cost of battery storage, the Ministry of Power has issued draft guidelines for development of pumped storage projects (PSP).
20 March 2023 | BRIDGE TO INDIA
Uttarakhand has become the latest state to accept the Ministry of Power’s (MOP) revised RPO target of 43.33% by FY 2030. Six other states including Himachal Pradesh, Rajasthan, Haryana, Punjab, Chhattisgarh and Madhya Pradesh have already done so. Himachal Pradesh and Madhya Pradesh have issued final regulations whereas other states are still at draft stage…
13 March 2023 | BRIDGE TO INDIA
International Renewable Energy Certificates (I-RECs) are becoming more popular in India. In 2022, new projects aggregating 1 GW capacity were registered under the scheme outpacing registrations under the Indian REC scheme for the second year in a row. Aggregate registered capacity has now touched 3.7 GW, split between solar, wind and hydro power…
06 March 2023 | BRIDGE TO INDIA
CEA has released a transmission network plan to enable cumulative renewable power capacity of 500 GW by March 2030. Setting aside previously announced schemes, the plan envisages further network expansion for evacuating 253 GW renewable capacity together with 51.5 GW battery…
This video presents a summary of major policy and regulatory developments in January 2023.
This video presents a summary of major sector developments including tender issuance and auctions in January 2023.